House of the Day: 316 Cumberland Street
316 Cumberland Street has a huge parlor floor to die for, with intricate plaster ceilings and an extension that houses the modern kitchen. The house has also been upgraded recently with all new systems and windows as well. It’s being used as a one-family but the ground-floor can easily be converted to a rentable apartment….
316 Cumberland Street has a huge parlor floor to die for, with intricate plaster ceilings and an extension that houses the modern kitchen. The house has also been upgraded recently with all new systems and windows as well. It’s being used as a one-family but the ground-floor can easily be converted to a rentable apartment. All this sounds great but it will be interesting to see if it can pull off a price that’s similar to some of the nicer homes currently on the market in Park Slope. How do you think the price of $2,295,000 will fly?
316 Cumberland Street [Corcoran] GMAP P*Shark
i love the layout and the location of this house. i can’t comment on the price b/c anything at this price range is way to expensive for me. however, if money was no object this would be a strong possibility. love the nabe.
I agree with more4less. I think 1.8 -.9 is the right price for this house.
1.8M – buyer who can afford & willing to pay 2M for it will pound seller for add’l 10% cut on top so buyer feels he/she got a great deal.
I’m starting to think the deep pocket buyers are the ones who are pounding the hardest right now as far as demanding & getting big price cuts. Easy for sellers to blow off shallow pockets on 20% down on low bid. Harder to do so when deep pockets offer say 50% down but @ 1.8M. Diff is that low offer from deep pocket is way higher probability of no financing issues preventing a close.
11217, I think I have a good view of Brooklyn. I said I did not know if Cumberland Street was or wasn’t a prestige address. Why do you pick on my posts? Do you see me as an authority figure or as a father figure, which you obviously have trouble with?
You know I write what I think, just as you do. I think I come from a different place than you, but that is no reason to disrespect my opinion, or call me old, or other insulting names. I happen to think that prices in Brooklyn right now are seeking a bottom. I don’t know when that bottom will hit. Maybe it already has. This is a nice house, maybe a little over-designed to appeal to the widest posible audience, which is usually a mistake in real estate.
I like eccentric.
You have such an odd view of Brooklyn, Sam.
I really have such a difficult time understanding it.
Is this same quandary applicable to those who purchase multi-million dollar homes in Harlem? Or to the many nice, but no name suburbs circling most U.S. cities with enclaves of 2-3 million dollar homes…?
Why couldn’t the buyer be someone who happens to make a lot of money and loves this house? Why does it have to be something based in showing off and prestige? We’re not talking about a 10 million dollar spread on Park Avenue here. Between this and some of your other comments on here, it seems like you’re projecting to me.
The house is nice, except for the tub in the back bedroom, which is eccentric, and the kitchen, which is eccentric.
The parlor floor will sell the house. The big question: is Cumberland Street a two million dollar street? At that price, it’s all about prestige and showing-off. Is this likely to be perceived as a prestige address?
I really don’t know. Will mums and pops in Tuxedo Park be impressed? Will the best friends in Napa Valley be impressed?
Or will they say: 2.3 miilion to live where??
It’s all about ego at this price point you know.
It’s awesomely funny that the broker and a couple friends show up to each of these threads and rate the houses like a million dollars higher than anyone else.
Wells is smoke and mirrors. Hope you guys don’t trade on what CNBC says.